{"id":14319,"date":"2020-06-24T18:47:00","date_gmt":"2020-06-24T15:47:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mta-halts-51-5-billion-modernization-plan-over-coronavirus-induced-deficit\/"},"modified":"2020-06-24T18:47:00","modified_gmt":"2020-06-24T15:47:00","slug":"mta-halts-51-5-billion-modernization-plan-over-coronavirus-induced-deficit","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mta-halts-51-5-billion-modernization-plan-over-coronavirus-induced-deficit\/","title":{"rendered":"#MTA halts $51.5 billion modernization plan over coronavirus-induced deficit"},"content":{"rendered":"

“#MTA halts $51.5 billion modernization plan over coronavirus-induced deficit<\/strong>”<\/p>\n

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June 24, 2020 |<\/span> 11:47am <\/p>\n

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\n \"Pat-Foye-2\"<\/img><\/p>\n
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\n MTA Chairman Pat Foye <\/p>\n

Lev Radin\/Pacific Press\/Shutterstock\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n \"Pat-Foye\"<\/img><\/p>\n
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\n MTA Chairman Pat Foye <\/p>\n

Lev Radin\/Pacific Press\/Shutterstock\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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\n Up Next\n <\/p>\n
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GNC filed for bankruptcy, saying it will shutter more than…
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\n The MTA has put its $51.5 billion modernization plan on indefinite hold \u2014 and may cut wages and jobs to cope with its $10 billion two-year coronavirus-induced deficit, transit officials announced Wednesday.<\/p>\n

\u201cOur fare and toll revenues have literally tanked,\u201d MTA Chairman Pat Foye said at the agency\u2019s Wednesday board meeting.<\/p>\n

The agency faces a $10.6 billion deficit over the next two years with the virus crippling ridership numbers.<\/p>\n

Amid the financial crunch, officials initially put a 60-day hold on the $51.5 billion five-year capital plan \u2014 which includes sorely needed signal upgrades, thousands of new bus purchases and billions for elevators and other accessibility upgrades.<\/p>\n

But now the agency says it simply won\u2019t go through with those improvements unless it gets more financial support from the federal government.<\/p>\n

\u201cThis is a four-alarm fire. We are facing the most serious financial crisis in the history of the MTA,\u201d Foye told board members.<\/p>\n

\u201cWithout additional federal funding, our options are limited \u2014 and none of them are good.\u201d\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n

Source<\/a><\/span><\/p>\n

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If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

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“#MTA halts $51.5 billion modernization plan over coronavirus-induced deficit” June 24, 2020 | 11:47am MTA Chairman Pat Foye Lev Radin\/Pacific Press\/Shutterstock MTA Chairman Pat Foye Lev Radin\/Pacific Press\/Shutterstock Up Next GNC filed for bankruptcy, saying it will shutter more than… The MTA has put its $51.5 billion modernization plan on indefinite hold \u2014 and may…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[26920],"class_list":["post-14319","post","type-post","status-publish","format-standard","hentry","category-general","tag-mta-halts-51-5-billion-modernization-plan-over-coronavirus-induced-deficit"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/14319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=14319"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/14319\/revisions"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=14319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=14319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=14319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}